Our development team has chosen to remain semi-anonymous. Some members of our core team have families with children and would like to protect their privacy. Some details about our core developers, will be released in forth-coming press articles. Our core team ("DevCore") thus far, is made up of a full-time systems analyst and Lead Programmer and 3 part-time developers. The core development team has a vested interest in Bitbean and has a long-term commitment to it's success as a premier Digital Currency!

Many altcoins have come and gone. Some were good but many have or had problems.Bitbean is the result of wanting to create a real alternative currency designed from the ground up, with transactions in mind.

After being abandoned by the original developer, the community quickly came together to continue development. BitBean is now being developed by a group of dedicated people, with a vested interest in seeing it succeed! BitBean is currently being developed by a team of 4 developers, known collectively as DevCore. If you have questions about BitBean or want to know more about it, come visit our community in Live Chat!

About Bitbean's Proof of Work phase:SHA-256 ASIC mining is energy efficient so it was chosen for the initial distribution of the currency. Proof of Work is a great way to distribute coins to people. It's better than making an IPO or ICO, where almost always the developers and insiders buy all the coins from themselves. This makes for essentially massively pre-mined coins. BitBean had no pre-mine or IPO!After it's initial distribution of 10,000 blocks to people mining all around the world, BitBean become a pure Proof of Sprout ("POS") digital currency. PoS was active during PoW so about a third of those 10,000 blocks were Proof of Sprout blocks. After PoW ended, their were approximately 606 million Bitbeans.

About BitBean's innovative Proof of Sprout:BitBean's Proof of Sprout is different than other digital currencies. After 6 hours, blocks of BitBean transactions mature and are eligible to Sprout new BitBean into existence on the network. Blocks which are found through Sprouting (or otherwise known as "staking" with some other digital currencies) are static blocks similar to PoW (Proof of Work). Each PoS block found will provide a reward of 1,000 BitBean (1 SPROUT=1,000 BITB).BitBean's Proof of Sprout with static block rewards is more effective at providing an incentive to secure the network, than other digital currencies that give rewards based on a percentage method. BitBean's innovative Proof of Sprout mechanism, provided one of the key bases, for the first PoS v3.0 digital currency.

Digital currencies are supposed to be a payment system. BitBean's PoS encourages people to actually process transactions instead of hoarding. With many other digital currencies, holders generally only process a transaction once in a blue moon. And most of these transactions are only to collect their interest. This is not a good method for making a payment system. BitBean is a leap forward to change that!

Scalability:BitBean is based on a pro-Gavin proposal for a Bitcoin 20MB block size fork. Other digital currencies, including Bitcoin, are still resolving their consensus mechanism to upgrade their ability to process more transactions. BitBean started out from the beginning with a maximum of 20MB block sizes to provide plenty of room for growth and main-stream adoption!

ß(Codepage 437: 00DF/225) is the official symbol for Point of Sale Transactions

Other info:The community has chosen BITB as the ticker.Transaction fee is 0.01 BITB (This is slated to change with the next update.)Target block time is 1 minute.Block time to maturity is 110 confirmations.Port: 22460JSON-RPC port: 22461

"After being abandoned by the original developer, the community quickly came together to continue development. BitBean is now being developed by a group of dedicated people, with a vested interest in seeing it succeed! A whitepaper, road-map, new website, and updated wallet are current projects ongoing with longer term development projects planned. BitBean is no longer in the hands of a single developer, but now has a Professional Core Development team leading it towards the future! Come visit our community in IRC (Freenode #bitbean) and ask our friendly support team, why Bitbean is destined to be a premier crypto currency, now and in the future!"

"After being abandoned by the original developer, the community quickly came together to continue development. BitBean is now being developed by a group of dedicated people, with a vested interest in seeing it succeed! A whitepaper, road-map, new website, and updated wallet are current projects ongoing with longer term development projects planned. BitBean is no longer in the hands of a single developer, but now has a Professional Core Development team leading it towards the future! Come visit our community in IRC (Freenode #bitbean) and ask our friendly support team, why Bitbean is destined to be a premier crypto currency, now and in the future!"

Yep. Glad I bought this coin... ...when dev left and people dumped like crazy to 8 sato at bittrex... I bought all the way from 14 to 8-9. Mostly at 13 sato. Community take over in Bean case is pretty smooth. Just like dev dead - information without panic and screaming in thread. I wonder if that was just planned - dev left to make people sell off coin, then announce take over with dev people and cheap coins in pocket lol i like that story even it's too paranoid (in crypto nothing is too paranoid to be truth )